Trading Report: Today, Facebook Inc. (FB) VP Sold $97,102.50 in Stock

Today, Facebook Inc. (FB) VP Sold $97,102.50 in Stock

Facebook Inc. (NASDAQ:FB) VP Colin Stretch sold 750 shares of the stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $129.47, for a total transaction of $97,102.50. Following the completion of the transaction, the vice president now owns 83,890 shares in the company, valued at $10,861,238.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Colin Stretch also recently made the following trade(s): On Tuesday, October 4th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $128.27, for a total transaction of $96,202.50. On Tuesday, September 27th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $127.63, for a total transaction of $95,722.50. On Tuesday, September 20th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $128.97, for a total transaction of $96,727.50. On Tuesday, September 13th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $127.26, for a total transaction of $95,445.00. On Tuesday, August 30th, Colin Stretch sold 750 shares of Facebook stock. The stock was sold at an average price of $126.60, for a total transaction of $94,950.00. On Friday, August 26th, Colin Stretch sold 400 shares of Facebook stock. The stock was sold at an average price of $125.00, for a total transaction of $50,000.00. On Tuesday, August 23rd, Colin Stretch sold 10,350 shares of Facebook stock. The stock was sold at an average price of $125.00, for a total transaction of $1,293,750.00. On Monday, August 15th, Colin Stretch sold 14,114 shares of Facebook stock. The stock was sold at an average price of $124.07, for a total transaction of $1,751,123.98.

Facebook Inc. (NASDAQ:FB) opened at 127.88 on Monday. The firm has a 50-day moving average of $128.26 and a 200 day moving average of $120.22. Facebook Inc. has a 52 week low of $89.37 and a 52 week high of $131.98. The stock has a market capitalization of $367.23 billion, a price-to-earnings ratio of 61.13 and a beta of 0.77.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.15. The firm earned $6.44 billion during the quarter, compared to the consensus estimate of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The firm’s revenue was up 59.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. On average, analysts anticipate that Facebook Inc. will post $3.94 EPS for the current year.

FB has been the subject of several research analyst reports. Vetr raised shares of Facebook from a “hold” rating to a “buy” rating and set a $127.69 target price for the company in a research note on Wednesday, August 3rd. Tigress Financial raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $114.33 target price for the company in a research note on Thursday, June 30th. Jefferies Group reaffirmed a “buy” rating on shares of Facebook in a research note on Monday, July 18th. Evercore ISI reaffirmed a “buy” rating and set a $155.00 target price on shares of Facebook in a research note on Tuesday, July 26th. Finally, Citigroup Inc. raised their target price on shares of Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $150.30.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Telemus Capital LLC increased its position in shares of Facebook by 1,571.5% in the first quarter. Telemus Capital LLC now owns 44,746 shares of the social networking company’s stock worth $5,106,000 after buying an additional 42,069 shares during the last quarter. Commonwealth Equity Services Inc increased its position in shares of Facebook by 2.1% in the first quarter. Commonwealth Equity Services Inc now owns 309,093 shares of the social networking company’s stock worth $35,268,000 after buying an additional 6,246 shares during the last quarter. Sarasin & Partners LLP increased its position in shares of Facebook by 22.5% in the first quarter. Sarasin & Partners LLP now owns 864,369 shares of the social networking company’s stock worth $98,625,000 after buying an additional 159,040 shares during the last quarter. Aperio Group LLC increased its position in shares of Facebook by 7.6% in the first quarter. Aperio Group LLC now owns 755,753 shares of the social networking company’s stock worth $86,231,000 after buying an additional 53,071 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new position in shares of Facebook during the first quarter worth approximately $5,698,000. Hedge funds and other institutional investors own 56.63% of the company’s stock.

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